At the end of
March 2012, the Bureau of Labor Statistics (BLS) released
revised jobnumbers for RI
and all other states based on employment data reported under theUnemployment Insurance (UI)
program by all employers through June 2011. Since June2011,
the subsequent monthly job numbers have been estimated based on
a sample ofemployers in
each state. The next annual revision will be completed in March
2013.

The published
monthly job numbers data produced according to the Bureau of
LaborStatistics
methodology indicate that RI lost 2,200 jobs between March 2011
and March2012. However,
based on preliminary UI employment data that DLT now has
availablethrough March
2012, DLT has produced projected estimates of the expected
revisions inits job
numbers from July 2011 through March 2012. The recent DLT
projections show amarkedly
different picture from the official published numbers. DLT
projections indicatethat
RI actually added some 4,800 jobs from March 2011 to March 2012.

We believe these
DLT projections, while based on preliminary UI data and severalassumptions, are good
approximations of what the RI job numbers will look like once
thedata are officially
revised again by BLS next year. The estimates are the sole
responsibilityof DLT (not
official BLS numbers). They put the number of jobs at RI
businesses inMarch 2012 at
464,700 which is 7,000 higher than the official published figure.

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